The Australian Industry Group Performance of Manufacturing Index (Australian PMI) jumped 3.8 points higher in August to 59.8 points (seasonally adjusted). Results above 50 points indicate expansion with higher results indicating a stronger expansion.

This was the highest monthly result for the Australian PMI® since 2002. It marked an eleventh consecutive month of expansion for the Australian PMI and the longest consecutive run of expansion since 2007 in the seasonally adjusted series.

Six of the seven activity sub-indexes in the Australian PMI® expanded in August (seasonally adjusted). Production and new orders were especially strong (61.4 and 64.3 points), but they were coupled with a robust expansion in inventories (58.9 points) rather than in sales (50.9 points)